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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Jan 1, 2013
01/13
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. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint. >> please, an all star line up of fox talent including maria molina and what would new year's eve westbound out our guy? 11,000 babies will be born on new year's eve. think about that. what a great birthday. hopefully on the ground that, is not where greg gut feld will find himself tonight. happy new year to you. >> happy new year. 11,000 babies that will all look like bob beckel. scary. don't you think? >> scary. >> i'm seeing a lot of famous people. i thought i saw pierce morgan. it was a discarded lampe. my mistake. very questions i want to skt crowd. how are you doing sni want to ask you. what is confetti made out of? >> i don't know. >> it's
. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint....
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Dec 31, 2012
12/12
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only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more coming up on that in the next hour.
only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying...
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Dec 28, 2012
12/12
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FBC
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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Dec 29, 2012
12/12
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WTTG
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what all eyes are on the fiscal cliff, another deadline is approaching, the milk cliff. it's part of a farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to find vast qualities of milk under the trueman era law and that could send consumer milk prices as high as $6 to $8 a gallon because the government would be obligated to pay twice the wholesale rate under the 1949 rule. the farmers would sell their milk to the government first and prompting a shortage in commercial supplies spiking the price consumers pay. >> the farm bill is like the low-hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tips of billions of dollars in budget savings. >> reporter: the problem is the bill's stuck in the house and there appears to be no political will to move it forward. agriculture secretary tom vilsack said as a precaution, his department is preparing for the laws to take affect. >> this is a bad outcome. let me be very
what all eyes are on the fiscal cliff, another deadline is approaching, the milk cliff. it's part of a farm bill with as much as $35 billion in cuts. if the bill doesn't make it through congress before the end of the year, the government will be forced to find vast qualities of milk under the trueman era law and that could send consumer milk prices as high as $6 to $8 a gallon because the government would be obligated to pay twice the wholesale rate under the 1949 rule. the farmers would sell...
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Dec 28, 2012
12/12
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CNNW
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. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us....
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Dec 29, 2012
12/12
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WUSA
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. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government is a good time to solve hard problems. in the next few days, leaders in washington have an important responsibility to work together to do just that. >> congressional leaders could present legislation to senators as early as tomorrow with a vote possible on sunday or monday. >>> coming up on 9 news -- ♪ [music] ♪ a local music legend dies. we'll have a look back at the career of mike aldredge. >>> welcome back, everybody. local blue grass music legend mike aldredch has died of cancer. he would have been 74 tomorrow. ♪ [music] ♪ he was a founding member of the group "the seldom seen." he also toured with perfo
. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government...
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Dec 27, 2012
12/12
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FOXNEWSW
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both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so at the end of the day they can stab you. republicans are going what just happened? i just got stabbed. that is what they do for a living. they're good at politics. >> eric: president obama said according to the "wall street journal" on thursday, boehner offered $800 billion in revenue increases. president obama said those don't count. those are mine. what is up with that? just o >> juan: obviously what the president is talking about is three times that for revenue increases. we'll give you a third of that. you know what? you have to count this as something we give you to negotiate w
both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so...
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Dec 28, 2012
12/12
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WRC
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cliff. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people can lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we need to end the uncertainty. >> economists say it's possible for us to "step over" the cliff. that means lawmakers will reach some kind of a deal in a few weeks after the new year begins. >>> breaking news right now. russia's president, vladimir putin, signed a controversial bill banning americans from adopting russian children. it goes into effect january 1st. there are estimates this could affect more than 1500 adoptions currently under way. the ban is widely viewed as retaliation for recent u.s. law targeting russians who abuse human rights. for a closer look at russia's proposed ban adoption, tune in to the "today" show starting at 7:00 on nbc4. >>> the a
cliff. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people can lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we need to end the uncertainty. >> economists say it's possible...
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Dec 24, 2012
12/12
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the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift through this week, including the latest on home prices and sales, consumer confidence and jobless claims. >>> it's not only investors but washington's failure to agree on a budget is affecting everyday americans' confidence about their finances. the university of michigan says its consumer sentiment index for december fell sharply from november's five-year high. more than one in four people surveyed cited concerns about higher taxes. >>> these are definitely the times we need comfort food the most. thank goodness twinkies, wonder bread and devil dog
the fiscal cliff is scaring investors. stocks sank friday as the economy inches closer to going over the edge. the dow was down 120 points. the nasdaq down 29. the s&p slipped 13 and a half points. >>> the stock market is on track, though, for its fourth straight year of gains. the dow is up overall nearly 8%. the nasdaq has rallied more than 15% so far this year. the stock market is closed tomorrow for the christmas break. there will still be plenty of economic reports to sift...
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Dec 28, 2012
12/12
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cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could have crippled operations at port and including the port of baltimore. in a statement today, the maryland governor martin o'malley wrote, quote, the port of baltimore continues to be a major part of the state economic strait generating and supporting thousands of jobs. during the extended period, we hope long-term resolutions can be reached for the hardworking families who depend on jobs and commerce linked to the port of baltimore. >>> to the state of the skins. it's the hottest ticket in town. the redskins play host sunday night as the two teams battle it out for the nfc east title and a place in the play-offs.
cliff to deal with this fiscal cliff. >> reporter: with expectation low, lawmakers are talk about how to retroactively fix any damage done by going over the cliff with congress. nicole collins, fox news. >>> developing tonight, a strike that could have shut down ports up and down the east coast is averted for now. the long shoreman's union along the east coast and gulf of mexico will extend the current contract for 30 days. that extension prevents a possible strike that could...
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Dec 28, 2012
12/12
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economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans are against any tax increases. most americans just want something to be done. >> people are tired of partisanship and they want everyone to come together. >> if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. >> misinfor
economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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Dec 31, 2012
12/12
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contains a dozen words including fiscal cliff, spoiler alert, super food and bucket list. i don't know super food, i don't get that one. >> fiscal cliff, we are so tired of hearing that. >> we've said it a million times in the last 30 minutes. bucket list. i wouldn't think other words to be on there. >>> still ahead this hour checking in at a look at last night's big win. >> if you didn't get a new furry friend, find room to adopt. up next, adorable kittens looking for a new home. we'll be right back. >>> all right. a dolphin showing off special trick by jumping out of the water and crawling on the ground. i guess that's crawling. the trainer says he noticed the animal would get out of the water when a person walking alongside of the pool. so he began rewarding it with fish and now it does it all the time. compared it to teaching a person how to swim or climb a tree. >> i can do the same thing for a good -- >> sure you can. >> i guess i set myself up on that one. >> yeah, you do. >> new year's eve forecast. i will not be doing that tonight. i'll be in very ear
contains a dozen words including fiscal cliff, spoiler alert, super food and bucket list. i don't know super food, i don't get that one. >> fiscal cliff, we are so tired of hearing that. >> we've said it a million times in the last 30 minutes. bucket list. i wouldn't think other words to be on there. >>> still ahead this hour checking in at a look at last night's big win. >> if you didn't get a new furry friend, find room to adopt. up next, adorable kittens looking...
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Dec 28, 2012
12/12
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economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollar
economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes...
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Dec 27, 2012
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 24, 2012
12/12
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MSNBCW
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fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, thougs of you september us tweets and comments on our facebook page, m
fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and...
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Dec 26, 2012
12/12
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cliff negotiations are dominating his time. >> the fiscal cliff and diamond head in the background and waikiki beach. ed, safe trip home. >>> joining us, from u.s. news and world report, ken walsh. who is going to come to the rescue, anybody? >> looks like there's a road block at every critical juncture point here. it looks like now the ball's in the senate's court, to mix met force. the house failed to get to a vote with speaker boehner's plan. it looks like the best they can do, really, is some kind of a partial agreement that -- with some of the fiscal cliff provisions are going to take effect on january 1st. this is what everybody was hoping would not happen but it looks imminent. >> let's just say your scenario's right and the temporary fix comes from the senate and harry reid but it has to go back to the house. then what? >> the other part is the senate. the 60 vote rule of the filibuster. they have to clear that 60-vote point if somebody blocks this in the senate. then it goes back to the house. there's a lot of questions about whether spiker boehner can control his republican c
cliff negotiations are dominating his time. >> the fiscal cliff and diamond head in the background and waikiki beach. ed, safe trip home. >>> joining us, from u.s. news and world report, ken walsh. who is going to come to the rescue, anybody? >> looks like there's a road block at every critical juncture point here. it looks like now the ball's in the senate's court, to mix met force. the house failed to get to a vote with speaker boehner's plan. it looks like the best they...
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Dec 27, 2012
12/12
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FOXNEWSW
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both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so at the end of the day they can stab you. republicans are going what just happened? i just got stabbed. that is what they do for a living. they're good at politics. >> eric: president obama said according to the "wall street journal" on thursday, boehner offered $800 billion in revenue increases. president obama said those don't count. those are mine. what is up with that? just o >> juan: obviously what the president is talking about is three times that for revenue increases. we'll give you a third of that. you know what? you have to count this as something we give you to negotiate w
both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so...
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Dec 31, 2012
12/12
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CSPAN2
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buff to understand what the fiscal cliff is. you have to understand that the president is telling you that it's a cliff and it's bad and everybody on television thinks, it's terrible to go over the cliff. what is the cloy in taxes going up b you if it's bad for taxes to go up for a bunch of people, why is it good for taxes to go up only on a smarl portion of people? you said, with they're rich, they can afford it. here's the problem. the rich pay most of the taxes in our country. the tap 2% pay half of the taxes so what you're saying is, they're rich and they can absorb it. but that's half of the nation's income will have increased taxes. you will take money from the productive sector, which is the private sector, and you will put it into the nonproductive sector, which is washington. so if you want ditching to dug and then to be filled up again, send more money to washington. but if you want jobs to be created, if you want the economy to thrive, you should want to leave that money in your community. it shouldn't matter to you w
buff to understand what the fiscal cliff is. you have to understand that the president is telling you that it's a cliff and it's bad and everybody on television thinks, it's terrible to go over the cliff. what is the cloy in taxes going up b you if it's bad for taxes to go up for a bunch of people, why is it good for taxes to go up only on a smarl portion of people? you said, with they're rich, they can afford it. here's the problem. the rich pay most of the taxes in our country. the tap 2% pay...
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Dec 27, 2012
12/12
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WMAR
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the edge of the fiscal cliff is any day. will the two sides come up with a deal? >>> and swept gaming, you can -- internet gaming, you can now take your chances e day at maryland's newest casino. it is december 27th. "good morning maryland," i'm charlie crowson. >> and i'm megan pringle. you thought that looks pretty and then thought maybe not. here's meteorologist mike masco. >> it's chilly look at the temperatures mostly into the 30s a lot of locations. you go outside the beltway and it's coming close to freezing in reisterstown and belair road to the north maybe a little ice on the roads this morning. so just be careful of that. winds have been gusty out of the northerly direction between 10 and 20. just know a pretty chilly raw feel out there. some showers working over cecil county rogue now heading upth delaware line. winds become really gusty today. 40-mile-per-hour and for that reason a high wind advisory has been posted and yes a weekend storm potential certainly growing. we're going to detail that and show you the seven day coming up in a little bit. let'
the edge of the fiscal cliff is any day. will the two sides come up with a deal? >>> and swept gaming, you can -- internet gaming, you can now take your chances e day at maryland's newest casino. it is december 27th. "good morning maryland," i'm charlie crowson. >> and i'm megan pringle. you thought that looks pretty and then thought maybe not. here's meteorologist mike masco. >> it's chilly look at the temperatures mostly into the 30s a lot of locations. you go...
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Dec 29, 2012
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put...
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it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand bargain that has eluded us so far. make no mistake, the financial markets are watching us, and they're getting more nervous by
it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand bargain that has eluded us so far. make no mistake, the financial markets are watching us, and they're getting more nervous by
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Dec 31, 2012
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if we do go over the fiscal cliff? >> we will talk temperatures and the chance for precipitation when we come back. >> letter of volume on the area roads but we have one problem roads but we have one problem along liberty >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. happy new year's eve. >> that brings us to our water cooler question of the day. what are you looking forward to in 2013? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. ?> how will the weather looke >> we have seen colder years eves.orecanew year's >> people will have to wear a jacket. 29 degrees at the airport. we have mostly cloudy skies. the wind out of the west about 5 miles per hour. it feels so much better because we have less wind. highs in the low 40's today. a slight chance for some rain or snow tonight
if we do go over the fiscal cliff? >> we will talk temperatures and the chance for precipitation when we come back. >> letter of volume on the area roads but we have one problem roads but we have one problem along liberty >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. happy new year's eve....
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cliff, you've heard about that fiscal cliff by now -- this year's new year's eve will be a countdown to financial pain for many families all across the country. tax hikes mean nearly all americans will see less money in their paychecks. while the government will have to slash spending across the board with the military taking a hard hit. but economic news for 2013 apparently may be not all bad and some analysts say there are reasons to be optimistic. so let's bring in financial advisor carolyn castleberry. thank you for joining us. we could all use some good news. hopefully you're here to bring that. >> i will try. it doesn't seem like happy new year and fiscal cliff go in the same sentence. >> heather: it really doesn't. you know, we talked about the recession, it began five years ago, reportedly ended -- reportedly more than three years ago. yet 12 million americans looking for work. families have been drowning in mortgage debt for years on end. why should we feel optimistic about 2013? >> it's interesting, i was talking to some people today and they say the fiscal cliff for them s
cliff, you've heard about that fiscal cliff by now -- this year's new year's eve will be a countdown to financial pain for many families all across the country. tax hikes mean nearly all americans will see less money in their paychecks. while the government will have to slash spending across the board with the military taking a hard hit. but economic news for 2013 apparently may be not all bad and some analysts say there are reasons to be optimistic. so let's bring in financial advisor carolyn...
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remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and everything else, and they said, this is simply too much government. we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable to join us due to technical difficulties bey
remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and...
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to try to strike a last-minute deal to avoid the fiscal cliff. >> republicans saying they are will be to work with congress and the president to come to an agreement. yesterday, president obama said job leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we're willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which would only raise taxes on families making $2 other 50á,000 a year or more. that plan would extend unemployment benefits for two million americans. icans. -- on families making $250,000 a year or more. >>> police continue to look for evidence in the murder of a college student. a vigil was held last night at battlefield high school for xavier stringfellow. he was a graduate of the school. he was found stabbed to death friday evening in industry anti. his body was found inside a crashed minivan on a service road off of chain bridge road. police said
to try to strike a last-minute deal to avoid the fiscal cliff. >> republicans saying they are will be to work with congress and the president to come to an agreement. yesterday, president obama said job leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we're willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today,...
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Jan 1, 2013
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this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from the partisanship which is creating the gridlock. i think the far right of the republican party's holding congress hostage to a point. mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i do
this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from...
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will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in congress set to get this done. this is a modest goal that we can accomplish. >> reporter: for a tax hike for couples earning more than 450-thousand dollars a year. that's a compromise. between what the president wanted and wh
will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to...
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>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as well. while the defensive health care group added 15%. those banking shares got an added boost today on word that banks could soon reach a $10 billion settlement with u.s. regulators over foreclosure abuses. the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's
>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as...
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Dec 24, 2012
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fiscal cliff? >> the category -- sorry, i missed that maria. >> the group that gets hit hard and the impact to retail is, if we go over the fiscal cliff which seems likely at this point. >> here is where we think you need to be focused on. it is all about innovation on the four walls of the closet. that's where we see bright spots over all. believe it or not, women's apparel has been a fantastic category. we think the people most at risk are those that are frankly not innovative at all. innovation wins out supreme and as long as unemployment stays in tact, he think the consumer will continue to spend. >> the expectation is, if we go over the cliff, employment does take a hit. and we go into recession. so i mean, eric, i guess the question is, can you retrace, you know, the damage that was already done by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possi
fiscal cliff? >> the category -- sorry, i missed that maria. >> the group that gets hit hard and the impact to retail is, if we go over the fiscal cliff which seems likely at this point. >> here is where we think you need to be focused on. it is all about innovation on the four walls of the closet. that's where we see bright spots over all. believe it or not, women's apparel has been a fantastic category. we think the people most at risk are those that are frankly not...
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Dec 28, 2012
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cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table see
cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that...
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in place that could cushion that blow. here's what happened while you were sleeping. or sipping champagne or doing something else. on eleventh hour agreement crafted by vice president joe biden and mitch mcconnell in the senate has been passed by the senate by a margin of 89-8. that vote just took place a couple hours ago. now, it's up to the republican-controlled house to take up that plan later this morning, and that is where it gets very interesting. if the house approves, and it's a big if, the deal would generate an estimated $600 billion in new revenues over t
well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just...
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cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans,
cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator...
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could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with
could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go...
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Dec 30, 2012
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the countdown to the fiscal cliff. last night, president obama dressed the -- addressed the nation following a productive and yet failed attempt to strike a deal. he used the weekly address to urge the senate to put together a basic package to protect americans from an income tax hike. >> we can't afford a politically self-inflicted wound to our economy. >> tomorrow is setting up to be a critical day. house members return and senate leaders are hoping they would be able to offer compromised plan. >>> they will have two days to strike a deal to avoid automatic tax hikes for everyone and also to avoid across-the-board spending cuts. audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myse
the countdown to the fiscal cliff. last night, president obama dressed the -- addressed the nation following a productive and yet failed attempt to strike a deal. he used the weekly address to urge the senate to put together a basic package to protect americans from an income tax hike. >> we can't afford a politically self-inflicted wound to our economy. >> tomorrow is setting up to be a critical day. house members return and senate leaders are hoping they would be able to offer...
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. >>> and less than 24 hours until the nation heads over the fiscal cliff. we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered from a fall. >> it left her severely dehydrat dehydrated. clinton had been planning to return to work this week. >> there's still significant difference between the two sides. >> today the final day of fiscal cliff negotiations. >> i want everybody know i'm willing to get this done but i need a dance partner. >>> vice president joe biden is now in on negotiations. >> do i wish things were more order will i in washington? absolutely. >>> a tour bus crashed on an icy oregon highway has killed nine people and injured 20 others. >> today is december 231st. there's going to be a huge celebration in times square with ever
. >>> and less than 24 hours until the nation heads over the fiscal cliff. we'll go to washington to see if lawmakers are any closer to cutting a deal and we'll tell you what will happen if they don't. >>> we begin with today's "y opener," your world in 90 seconds. >>> hillary clinton will be celebrating the new year from a hospital bed. >> secretary of state hillary clinton is hospitalized in new york city. >> she's got a blood clot she suffered...
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the beginning of a new year with good news for the american people. this is exactly the wrong time for us to go over this cliff. we are in the midst of an economic recovery. we are seeing new job creation. businesses are seeing new growth. we are seeing the kind of economic indicators we've been waiting for for years. this going over the cliff is going to bring uncertainty to our markets, and with that uncertainty a pull back of consumer confidence and a reduction, i'm afraid, of business activity and the creation of new jobs. there are ways to avoid this, sensible way
fiscal cliff that occurs at midnight on december 31, tomorrow. this cliff is self-imposed. it is a penalty that we voted for if we failed to deal with the deficit that our nation faces. and unfortunately, as of this moment we've not reached an agreement to avoid it. i haven't given up hope. conversations and negotiations continue all through this day, and i'm sure into tomorrow. and i hope by the end of the day, by the end of tomorrow night we can celebrate the end of this year and the...